Many of the most successful and profitable businesses in the world were created by entrepreneurs doubling as students. Microsoft, Facebook, and Google all got their start in college dorms or campuses. Being a young entrepreneur is exciting. Your ideas are fresh and modern. However, even if your goal is not to be the next Steve Jobs, there will be challenges along the way as you get your first feel of the business waters. Here are some tips to help you look like the big fish in this ‘trep ocean:
- Do what you love.
When your business is starting up, you will be living, breathing, and sleeping your startup. This business will become your life and will require 100% of you. Do not waste your time on something you are not interested in. Choose a business idea that is aligned with what you are passionate about.
- Take the risk.
Taking the leap is scary. However, you will never know what your efforts can amount to unless you actually do it. You won’t regret failure as much as you will regret not trying.
- Learn from your mistakes.
You will fall. This is part of the ‘trep game. It is inevitable and scary. It is also a great way to learn. Your failures will most likely eventually lead to success. Many successful entrepreneurs give credit to their failures as being the best teachers. Every failed attempt is one step closer to success.
- Understand your industry.
Playing a game you don’t understand will ultimately get you in trouble. Understand the who, the what, and the why of what you are doing. Truly understanding this will give you the key to success. If you don’t understand something, never be afraid to ask a more experienced professional for help. Learning from others is a great way of helping your business grow.
- Play by the rules.
Filling out all the proper paperwork, keeping records, and paying your taxes is extremely important when starting a business. Just because you are new at it doesn’t mean you can get away with avoiding this. Save yourself the headaches.
- Enjoy yourself.
Creating a successful business and building it from nothing should be enjoyable. Celebrate the accomplishments and have fun while you create what you love. ‘Trep on!